It will consolidate the company's finances in its accounts on either June 1 or July 1, he added.

Commenting on the company's first-quarter sales, Guiony said the company increased prices of its Louis Vuitton leather goods in February and March by 8% in the U.S., 5% in China and Asia and 3% in Europe.

The company also increased prices for cognac and champagne by between 2% and 3% in most regions and inventories globally reached normal levels, with demand from retailers more closely reflecting demand from consumers than in the recent past.

LVMH's sales in Japan dropped around 25% in March, in the immediate aftermath of the earthquake and tsunami, Guiony said. This decrease in sales was about a 9% drop in the first three months of the year for the whole of the country, he added.

The company has now reopened almost all of its stores in Japan, which are operating in an "almost in a normal way," with intermittent power outages, he said.

Analysts had been waiting for the company's longer-term view of consumption in the country, which is one of the industry's most important markets. "We still face a very uncertain situation in Japan," said Guiony.

Commenting on currency fluctuations, the monetary environment is as uncertain as ever, Guiony said. "Nobody knows, but the time when currencies were creating a sort of strong tailwind is over and we certainly have to take this into account," he said.

The company produces goods in Europe, which then become more expensive abroad when the euro rises, compared to other currencies.

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